3 ms·
> The cost of new electric cars has fallen. This impacts the resale value of older cars. It's really amazing to see. I bought my Model 3 Performance in 2019 f
by Sohcahtoa82 2y ago
> The cost of new electric cars has fallen. This impacts the resale value of older cars.
It's really amazing to see.
I bought my Model 3 Performance in 2019 for ~$57K. If I were to buy today, it'd be $56K. Now, a $1K drop doesn't seem like a lot, but there's been a lot of inflation in the last 5 years, and the M3P today has a couple newer features that mine doesn't have, like a power lift trunk, heated steering wheel, adaptive suspension, a screen for the rear seats, and faster acceleration.
Accounting for inflation alone, the M3P today should be costing ~$70K. With all the added features, it really should be $75K. But it's only $56K.
- vel0city 2y agoIt's insane you think a car with power liftgate and heated steering wheel should be a $70k car today. $40k cars in 201x had these features.
- Sohcahtoa82 2y agoI don't think it should be a $70K car today because of the power lift gate, I think it should be $70K because of inflation, and the fact that it does 0-60 mph in 2.9 seconds.
- frumper 2y agoTax credits too. In 2019 you probably got a partial credit, in 2020-2022 you didn't get any federal credit. Today's M3P is now $49k with an instant credit. https://www.tesla.com/blog/what-you-need-know-about-federal-ev-tax-credit-phase-out https://www.tesla.com/blog/what-you-need-know-about-federal-...
- Sohcahtoa82 2y agoYeah, I got $1,750 federal credit, though I didn't factor that into my price.